In view of difficulties arising due to resurgence of Covid-19, CBDT has extended time limits of certain compliances under Income Tax.
1. Return of Income for the Assessment Year 2021-22
The due date of furnishing of Return of Income of Regular Assessee for the Assessment Year 2021-22 has extended to 30th September 2021(previously 31st July 2021).
2. Return of Income for Other Assessee for the Assessment Year 2021-22
The due date of Filing Return of Income for Corporate Assessee, non-corporate assessee (whose books of accounts are required to be audited), partner of a firm whose books of accounts are required to be audited for the Assessment Year 2021-22 has extended to 30th November, 2021 (previously 31st October,2021).
3. Furnishing of Report of Audit for the Previous Year 2020-21
The due date of furnishing of Report of Audit under any provision of the Act for the Previous Year 2020-21 has extended to 31st October 2021 (previously 30th September 2021).
4. Furnishing Report u/s 92E
The due date of furnishing Report from an Accountant by persons entering into international transaction or specified domestic transaction under section 92E of the Act for the Previous Year 2020-21 has extended to 30th November 2021 (previously 31st October 2021).
5. Return of Income for Assessee required to furnish report u/s 92E for the Assessment Year 2021-22
The due date of furnishing of Return of Income for the Assessment Year 2021-22 has extended to 31st December 2021 (previously 30th November 2021).
6. Furnishing of belated/revised Return of Income for the Assessment Year 2021-22
The due date of furnishing of belated/revised Return of Income for the Assessment Year 2021-22 has extended to 31st January 2022 (previously 31st December 2021 ).
7. Statement of Financial Transactions (SFT)
Statement of Financial Transactions (SFT) for the Financial Year 2020-21, required to be furnished on or before 30th June 2021(previously on or before 31st May 2021).
8. Statement of Reportable Account
Statement of Reportable Account for the Calendar Year 2020 shall be furnished on or before 30th June 2021(previously on or before 31st May 2021).
9. Statement of Deduction of Tax
Statement of Deduction of Tax for the last quarter of Financial Year 2020-21 shall be furnished on or before 30th June 2021(previously on or before 31st May 2021).
10. Certificate of TDS in Form No 16
Certificate of Tax Deducted at Source in Form No 16, required to be furnished to the employee on or before 15th July 2021(previously on or before 15th June 2021).
11. TDS/TCS Book Adjustment Statement in Form No 24
The TDS/TCS Book Adjustment Statement in Form No 24G for the month of May 2021, required to be furnished on or before 30th June 2021(previously on or before 15th June 2021).
12. Statement of Deduction of Tax
Statement of Deduction of Tax from contributions paid by the trustees of an approved superannuation fund for the Financial Year 2020-21, required to be sent on or before 30th June 2021(previously on or before 31 st May 2021).
13. Statement of Income paid or credited by Investment Fund
Statement of Income paid or credited by an investment fund to its unit holder for the Previous Year 2020-21 is required to be furnished as follows:
a) In form No 64D – on or before on 30th June 2021(previously on or before 15th June 2021).
b) In form No 64C – on or before on 15th July 2021(previously on or before 30th June 2021).
For the circular, Click here : https://incometaxindia.gov.in/communications/circular/circular_9_2021.pdf